Tag: us-china trade war
A Beijing-based cotton trader said the impact may be limited as China imports about 2 million tonnes a year each of cotton and cotton yarn, which may be enough to make textiles for the United States without Xinjiang cotton. Xinjiang’s output is about 5 million tonnes.
The United States on Friday imposed sanctions on Hong Kong Chief Executive Carrie Lam and the city’s current and former police chiefs accused of curtailing political freedoms in the former British colony.
The trade dispute between the world’s two largest economies has roiled global markets and unnerved investors as it stretches into its second year with no end in sight.
The naira appreciated by 0.1 per cent to 362 naira 21 Kobo at the Investors and Exports (I & E) window on Monday, while parallel market rates weakened by 0.3 per cent. To review Nigeria's money market as the U.S face-off with China escalates, Chioma Udu, Forex Dealer at GT Bank joins CNBC Africa for more.